Recommendation

Want to access this article for free?

If I were James Packer – and evidently I am not – the thought would cross my mind that doing a deal that echoed Dad’s brush with Alan Bond would silence the naysayers. The recent takeover offer, in conjunction with Lachlan Murdoch, for Consolidated Media Holdings (we’ll call it CMH although its ASX code is CMJ), a reincarnation of the old PBL media division would, for both of us, banish the painful memories of the One.Tel disaster. Perhaps, finally, it would confirm that we’re...

Latest Q&A With Our Experts

I wonder if you have any thoughts on the Consolidated Media Holdings buy back? They want shareholders to approve an on-market buyback up to 11.9%. Packer via his holding company CPH holds 45.3% and Stokes holds 22.12% via Seven Network Group. CMJ ...

In Tim's CMH update today he states that CVC loaded up PBL media with debt in the acquisition and that's why it didn't pay a div for the Dec 07 half. Surely the debt lies with CVC not the PBL Media JV? Otherwise James Packer let a company he controll...

InvestSMART Publishing Pty Ltd holds Australian Financial Securities Licence (AFSL) 282288.
The content of this website is general in nature and does not take the personal situation of any user of this website into consideration.
A user of this website should seek financial advice specific to that user’s situation before making any financial decision.
Past performance of any security or financial product is not a reliable indicator of future performance. InvestSMART Publishing Pty Ltd
encourages users of this website to view investing as a long-term pursuit.